Proposed BLM Interim Guidance to Provide Relief for Oil & Gas Operators
“Bureau of Land Management (BLM) has drafted two separate Interim Guidance statements to help alleviate some of the industry’s and BLM’ hardships created by the coronavirus 2019 (COVID-19) pandemic and dramatic collapse of oil prices. The final guidance should be issued by the end of the week,” writes Angela Franklin in Holland & Hart’s Legal Insights.
The article provides interim guidance for the following areas:
- Lease Suspension Requests During the COVID-19 National Emergency
- Royalty Rate Reduction Requests for Oil and Gas Leases during the COVID-19 national emergency
